Employers have been dealing with multiple crises lately, from the coronavirus pandemic to high levels of burnout among their employees and many Canadians considering leaving their current job. Despite these challenges, several strategies can help employers turn the “Great Resignation” tide, says Allison Griffiths, a principal at Mercer Canada. “Obviously, the factors driving the ‘Great Resignation’ are […]
Institutional Analyst Sr. - Bilingual (English and French) / Analyste institutionnel principal – Bilingue (français et anglais) Salary Range: Competitive Compensation Package Location: Toronto or Montreal Office Overview of Duties: This position’s core goal is to provide our Distribution team with the highest level of service possible leading to new investment mandates and outstanding asset […]
Employers are turning to virtual health care offerings to support employees’ physical wellness amid the ongoing pandemic. Since Alithya, a Montreal-based technology company, launched a wellness portal last July, a virtual fitness program has become one of the most utilized benefits offerings, says Catherine Bourque, its vice-president of human capital. The program — which allows employees to […]
The Pension Investment Association is appointing a new chair, vice-chair and secretary-treasurer for 2022. Sean Hewitt, chief executive officer of the Toronto Transit Commission Pension Fund Society, is the organization’s new chair. His previous roles include director of pension assets at the Canadian Pacific Railway Co. and senior analyst of investments at Mercer Canada. Read: How […]
The average solvency ratio of Canadian defined benefit pension plans in Mercer’s database grew by seven per cent in 2021, according to a new report by the consultancy. The report, which looked at the overall performance of more than 500 Canadian DB plans in 2021, found, at the end of the year, the plans’ average […]
As inflation hits a record high in Canada, employers are helping workers weather the storm through various benefits and compensation offerings, according to several experts. In October, the Canadian inflation rate increased year over year by a record 4.7 per cent, the largest increase since February 2003, according to Statistics Canada. The Bank of Canada […]
For months, Canadian employers have been creaking under the strain of a labour crunch. Finding top talent has always been one of leaders’ most pressing issues and there has often been a shortage of talent for key roles. In addition, Canada — as a whole, in my opinion — has never fully unlocked the skills […]
By beefing up its benefits programs and putting flexibility at the core of its offerings, Willful has been able to grow its staff amid a coronavirus pandemic-fueled tight labour market. The online estate planning company credits its fulsome total rewards package and its flexible workplace culture for its recruitment success. As a very small employer […]
Canada ranks 12th out of 43 countries for its pension system, according to a new report by Mercer and the CFA Institute. The countries in the report were ranked on the adequacy and integrity of their pension systems and the sustainability of pension investments. Overall, Canada received a grade of 69.8 — 8.8 points above the […]
Employers in the U.S. expect health benefits costs to rise 4.7 per cent on average in 2022 compared to 2021, according to a new survey from Mercer. The survey, based on more than 1,500 employer responses, found fewer employers than usual (38 per cent) are using cost-savings measures — such as raising deductibles or co-pays […]